Response From Tinubu’s Camp As Maersk Disavows $600 Million Port Investment In Nigeria

Response From Tinubu’s Camp As Maersk Disavows $600 Million Port Investment In Nigeria....KINDLY READ THE FULL STORY HERE▶

Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, has removed a post from the X platform following a denial from shipping giant Maersk regarding purported plans to invest $600 million in Nigeria’s port sector. The statement, originally shared by Onanuga on X and issued by the presidential media team, asserted that the investment was secured during a World Economic Forum meeting in Riyadh………CONTINUE READING

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According to the statement, A.P Moller-Maersk chairman, Robert Maersk Uggla, had discussed the investment with President Tinubu during a sideline meeting focused on energy development and growth. The statement even included a quote attributed to Uggla affirming the intention to invest $600 million in existing facilities and enhance port infrastructure.

However, Maersk officials contradicted this claim in a statement to Lloyds List, stating that while discussions with the Nigerian government were ongoing, no concrete investment plans had been finalized. They emphasized that there was no signed deal and that the assertion of such a deal was news to Maersk officials.

In their statement to Lloyds List, Maersk reiterated their longstanding presence in Nigeria over 35 years and their commitment to fostering growth opportunities locally. They acknowledged ongoing dialogues with the administration but refrained from commenting on specific investment talks.

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